Southern First Bancshares reports Q1 EPS 31c vs.33c last year

Reports Q1 revenue $31.34M vs. $22.47M last year. Reports a reversal of provision for credit losses of $175K in Q1 vs. a provision of $1.8M last year. “Our team generated excellent performance during the first quarter in terms of growing profitable client relationships and continuing to manage our credit quality exceptionally well,” stated CEO Art Seaver. “Our disciplined approach to pricing both loans and deposits resulted in improvement in our net interest margin, and this focus will continue as we build on our success for the long-term benefit of our communities and stakeholders.”